Following a ten-year civil war that ended in 2006 and led to the transition from a centuries-old monarchy to a republic based on a multi-party democracy, Nepal remains at a crossroads. Nepal stands out for its relatively-stable economic performance and... Подробнее +Following a ten-year civil war that ended in 2006 and led to the transition from a centuries-old monarchy to a republic based on a multi-party democracy, Nepal remains at a crossroads. Nepal stands out for its relatively-stable economic performance and its exemplary results in poverty reduction and human development. To continue to reduce extreme poverty and increase the incomes of the bottom 40 percent, Nepal will need faster and more sustained growth and this will require it to boost investment and narrow a massive infrastructure gap, which is the single most important constraint to growth. This strategy presents a major shift in World Bank Group (WBG) support away from short-term post-conflict assistance towards establishing the foundations for increased, inclusive, and sustainable growth. Based on Nepal's progress to date, there is a compelling case to provide assistance under a longer-term partnership strategy, while maintaining the flexibility needed to accommodate a fragile country environment. To do this, the strategy aims to consolidate the WBG's current engagement in basic services while shifting focus on the binding constraints to growth: inadequate infrastructure (especially in energy and transportation), a poor investment climate, a fragile financial sector, and a poorly skilled workforce. Given the reality of the Nepali economy, it will also focus on agriculture. It also aims to shift the Bank's engagement in the social sectors from providing financing for access to services to providing knowledge and solutions for improving quality, governance, and opportunities for shared prosperity.
Менее подробно –